Ultimatebet rakeback payments have started

[mollila]

Finally after a very long wait we got the required data from Ultimatebet to calculate rakeback payments. Most Ultimatebet rakeback payments were already made tonight, but we will continue to process payments tomorrow on Thursday and also email a report to all players who receive a rakeback payment.

[mollila]

Ultimatebet rakeback payments up until and including January have now been processed to all players that are registered under our Ultimatebet affiliate tracker.

There are a few players who have not submitted their Ultimatebet rakeback sign up to us, or who have submitted a fake/wrong name. These players will be contacted by email, as we need to know the real first name of every player in order to transfer money to their poker account.

Rake reports will be sent out Friday/Saturday.

[heftybags]

When will my pending be confirmed on your site? Do you still have issued with confirming names? Thanks for your help

[petesrun]

g'day, have a couple questions about the ultimatebet rakeback program as shown on the main website.

on Rakeback
"Bonuses: Deducted "
does this mean the rackback dollars arent accumulated during the bonus period when i am building up points to get the bonus dollars cleared, is that right?

"* Players that deposit and withdraw bonus dollars without significant amount of play will be required to forfeit their bonus dollars."
Can this be quantified?

rakeback: "Tournament Fees: Not included "
Tournament fees arent included as part of rakeback?

appreciate any assistance.
Peter.

[petesrun]

one more thing just wanted to check..

the bonus deposit amount on rakeback website is $650 , the home page of ultimate bet says $350... is the rakeback amoutn of $650 still valid for sign ups done through here?

[trdferguson]

The post says that all payments have been made to players that reigistered under Ulitmate Bet. I haven't received any rakeback, and my status is still pending. Why is this? Thank you.

[mollila]

Originally Posted by heftybags When will my pending be confirmed on your site? Do you still have issued with confirming names? Thanks for your help

Yes there are still issues. We are waiting for our Ultimatebet affiliate manager to tell us what is the status with rakeback sign ups that are Pending. These players are not tagged to our rakeback tracker, and Ultimatebet has not given us any information about the status of these registrations.

The last update from our affiliate manager was from last Monday when he told me he was looking into it.

Originally Posted by trdferguson The post says that all payments have been made to players that reigistered under Ulitmate Bet. I haven't received any rakeback, and my status is still pending. Why is this? Thank you.

Yes all players who are registered under our rakeback tracker have been paid up until January. If you are still Pending, it means that your account is not under our rakeback tracker. We need Ultimatebet to tell us if there has been anything wrong with your sign up.

[mollila]

Originally Posted by petesrun g'day, have a couple questions about the ultimatebet rakeback program as shown on the main website. on Rakeback "Bonuses: Deducted " does this mean the rackback dollars arent accumulated during the bonus period when i am building up points to get the bonus dollars cleared, is that right?

Ultimatebet deducts 25% of any bonuses that you receive from your rake, before the 30% rakeback is calculated.

Originally Posted by petesrun "* Players that deposit and withdraw bonus dollars without significant amount of play will be required to forfeit their bonus dollars." Can this be quantified?

Please ask this directly from Ultimatebet support. This clause is directly from their terms and conditions, and we do not know how/if they apply it.

Originally Posted by petesrun rakeback: "Tournament Fees: Not included " Tournament fees arent included as part of rakeback?

Correct. Ultimatebet tournament fees are currently not included in rakeback.

[petesrun]

sorry i dont quite get this...
if i sign up and deposit $500 .. then it takes me 1month to get enough points up at the "cash table" games to get my deposit bonus cleared. just for this example lets say i only breakeven - dont lose and dont profit on the tables.

lets say i spend $50 in rake.

So i should have $500 (my deposit) + $500 bonus + 30% of $50 (rake).
=$1017

is that right?

thanks.

Originally Posted by mollila Ultimatebet deducts 25% of any bonuses that you receive from your rake, before the 30% rakeback is calculated. Please ask this directly from Ultimatebet support. This clause is directly from their terms and conditions, and we do not know how/if they apply it. Correct. Ultimatebet tournament fees are currently not included in rakeback.

[petesrun]

ok signed up with UB. rakeback hasnt specified what bonus codes to enter or referall, so i just entered "rakeback". i'm assuming i will qualify for the $650 cash bonus as told here???

[mollila]

Originally Posted by petesrun sorry i dont quite get this... if i sign up and deposit $500 .. then it takes me 1month to get enough points up at the "cash table" games to get my deposit bonus cleared. just for this example lets say i only breakeven - dont lose and dont profit on the tables. lets say i spend $50 in rake. So i should have $500 (my deposit) + $500 bonus + 30% of $50 (rake). =$1017 is that right?

According to your example if you generate $50 rake and clear a $500 bonus in the same month, your Ultimatebet rakeback would be 30% * ($50 - (25% * $500)) = -$22.50

Your net rake would be -$75 if you generate that low rake and clear a large $500 bonus. In effect Ultimatebet would end up losing money, and you would not get a rakeback payment that month. All negative amounts like this are carried over to the next months rakeback calculations.

But getting a negative net rake at Ultimatebet is not typical, so lets take a more normal example:

Your gross rake: $200
Bonus released: $100

Your net rake: $200 - (25% * $100) = $175

Your rakeback: 30% * $175 = $52.50

[heftybags]

Quick Question. If it says No Data for ultimate bet does that mean it's been confirmed it just says that becuase you don't currently track them in beta version? Thanks

[mollila]

Originally Posted by heftybags Quick Question. If it says No Data for ultimate bet does that mean it's been confirmed it just says that becuase you don't currently track them in beta version? Thanks

Correct. You have been confirmed, but the Rake Tracking does not have any data for Ultimatebet.

UB has not yet been added to rake tracking.

[mollila]

Originally Posted by petesrun ok signed up with UB. rakeback hasnt specified what bonus codes to enter or referall, so i just entered "rakeback". i'm assuming i will qualify for the $650 cash bonus as told here???

That bonus offer was past its valid date. The current sign up bonus is $350.

Ultimatebet sign up bonus terms

PS. There was no bonus code required for the past or the current sign up bonus.